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Saturday, April 28, 2007 

Trade Idea - MSFT

Chart courtesy of stockcharts

MSFT shares was up more than 3.5% on Friday after reported a 65% surge in fiscal third-quarter profit thanks to sales of new products such as the Vista operating system. The technical chart show some resistance in the shares price to break 30.50$, the major resistance right now. Stock have already reached overbought conditions, so for me it's time to pause on the long side.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice weekend !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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